consumer staples look beaten down, and relatively inexpensive.here's a sector that might actually come back to life in the second half. healthcare, tech, financials >> that's a lot of likes i was saying thank you for waking up with "wex," then i realized you're in london. i have to rescind that >> i'm in london it was easy for me >> cool stuff there. you think the world sending, and cooperate america is kicking tail >> i would say this, i went and looked at how much it costs to hedge 10% in the market, it's about 1.8% not exactly expensive. for people out there looking, it may be an option >>. >>> samsung, if you have a system sung phone, samsung phone, it may be doing something you're not authorizing it to do, but it could get you in hot water with friends and family trending stories do you have a bear drinking a margarita in the hot tub yes or no? >> that was a great shot >>> manhattan real estate had its worst second quarter since the financial crisis total sales fell 17% compared to a year ago according to a new report the average sales price

we have seen staples play catchup, we saw energy idot earlier in the year. we've seen utilities, reits play catchup. it's just a money flow issue money is playing catchup in health care. in my estimation i think you want to get on. >> consumer staples we discussed vigorously last night whether or not it was a defensive trade or not, is it done? are those catchup trades caught up and now you're looking for the next one >> some have -- it started with staples. that's about two and a half-month-olhalf months old aggregate, financials, systematically got it into reits, utilities, staples, even telco. health care is now starting to be a part of that. at some point you get mean reversion. remember, this has been so long in the making, i don't think this is over it's nascent, just begun. >> we talked about how overweight, underweight, from your vantage point you're out there talking to folks all day long at a time it was a popular trade, it was crowded. what do you think right now? is that a good call because you think it's underweight >> properly so think about en

of financials into staples. let's talk about technology and consumer discretionary they have been leaders year to date is tech and discretionary the place to be because growth is still there, despite the fact it may have come in below expectations >> you think about the fangs, there's 145 etfs that are long amazon close to 500 etfs that are long the f.a.n.g.s. you have to be careful here. you have seen today, close to a 20% draw down in one of the f.a.n.g.s. it's the most crowded trade. i've never seen a trade this crowded. at the end of the day, if there's a fire in the theater, there's one door in the back, and a lot of people have to get through it >> do you think this tlend contin trend continues? >> for earnings, the bar is high 20% expectations on earnings growth in the tech sector it's close to 40%. the bar is high. if you look at the s&p, the s&p has had a difficult time getting through 2800 it failed there. i think four or five times since the february draw down so i think you want to be cautious around

surging 4 peppers after beating earnings this morning with a consumer staples staging a comeback in the last month is the pepsi move signaling a better staples rally ahead stacey gilbert david is with cowen. what do you think, stacey do you make more of the move today than just what's going on with pepsi story what does it say about the broader consumer staples secretarie >> we had seen a shift more recently to bullish flow within the consumer staples sector that has shifted. i should highlight the majority of the shift were in names part of the m and a chatter they've been part of that rumor mill in the pastor specifically pepsi i would say as a company we like this our food and bench analyst covers this with a positive rateding upgrading it a up months aig on a.m.s to apples comparison to coke improvement in the fundamentals and food and beverage pacing and interestingly as potential target of m and a we would continue to own pepsi and those who want to ongss expertise which would be my expertise we like bullish spreads because the volatility levels. >> i see you are looking at it fro

broader consumer staple stocks.e verge ens between beverages and package food companies. >> seen as struggling a lot more, especially the domestic players but you have two other things working for these companies and that is interest rates stopped going up we were talking about the 3% on 10-year yield, that was a big -- they were appealing over the last few years and that stopped happening and they became attractive again you also have the deal talk and the speculation and the chatter reaching a fever pitch and the activist like a dan lobe and that sort of thing, it's not like all of a sudden this group is growing again. >> you can pin cal conagra, may be part of the indexes you just mentioned. >> everyone decided that was a pretty high price to pay but that's good for the rest of the group, right this is the going rate for if you're a smaller player like pen that cal. >> if inflation heats up and tariffs that could be a head wind the strong dollar stands in the way of a lot of companies that do business overseas >>

it's one of the top factories in this town. >> heinze is a staple in fremont. they've been here for years and years. as long as i can remember. i'm pretty old >> slapping tariffs on ketchup is a symbolish move on canada's part not only does kraft heinze dominate 76% of the market, but the company closed a large ketchup facility in ontario, canada, several years ago to centralize production in the united states. ohio, where most of the product is produced, is a political swing state, which often determines who wins the u.s. presidency keep in mind, over 51% of constituents here in the buckeye state voted for president trump. republican senator patrick toomey said that there are potential adverse impacts of the canadian tariffs on kraft heinze and at this ohio plant where we are here today kraft heinze has been under pressure the stock is down 27% over the past 12 months plus, it's facing rising competition from french's ketchup. canadian-made. it's positioned its product as a rival to u.s. branded kraft heinze ironically, ketchup, french's ketchup, is owned by m

there's quite a bit of work, 'cause this was all -- this was all stapled.t we can protect your home and auto when you bundle with us. and i'm still going for my best even though i live with a higher risk of stroke due to afib not caused by a heart valve problem. so if there's a better treatment than warfarin, i'm up for that. eliquis. eliquis is proven to reduce stroke risk better than warfarin. plus has significantly less major bleeding than warfarin. eliquis is fda-approved and has both. so what's next? seeing these guys. don't stop taking eliquis unless your doctor tells you to, as stopping increases your risk of having a stroke. eliquis can cause serious and in rare cases fatal bleeding. don't take eliquis if you have an artificial heart valve or abnormal bleeding. while taking eliquis, you may bruise more easily and it may take longer than usual for any bleeding to stop. seek immediate medical care for sudden signs of bleeding, like unusual bruising. eliquis may increase your bleeding risk if you take certain medicines. tell your doctor about all plann

o'brien: few know the history behind this popular spirit, but it's a story debbie staples has heard her whole life, passed down from generation to generation. debbie's great-great-grandfather, nearest green, a former slave, whose real name was actually nathan, created the taste that became this legendary brand. man: nearest was the person who day by day was there alongside of jack daniel showing him the whiskey-making process. o'brien: the story of green was well-known in lynchburg, tennessee. it just never left lynchburg. he wasn't used mentioned in jack daniel's official biography at least 50es rarely uttered in distillery tours. still, jack daniel's historian nelson eddy says green was never a secret. eddy: the company has always acknowledged it. i think the real question is how much weight has been put behind the story. o'brien: the answer--not much until now. and brown-forman, the company that owns jack daniel's, is working to set the record straight. eddy: what we are doing is talking about something historically true to this brand. woman: this is a descendant of jack and this is

that's aoan m anywhe ely >>ligre andenjoy enjoyim, who you be a little tasty tunes, tasty foods at tty staplen bethesda. >> must stop. >> yes, it is. check this out. >> maureen, i found my home omre. lots of5mo frnoxg. we are at tasty diner this is landmark and an institution here in bethesda and i'm jus hanging out with one of the patrons this is,. you hivereed ove. imefetesngrakewioupl beifrewh i to come up with different mixtures or wheny wh,atrdeverer is frontovingnng to joiningeaquicu a,gain, p will of turn into and humid or bstluli yne ahat t there's a day planner, and daytime highs arod humid. paul, ank you for joining me that's a beautifulki loo 53 ye omelette. in to you. >> this is what the chef made and t>> wt' csan ihy see why. >> i'd like one much those, please. >> yeah. have some breakfast, tuck, save some for me i'll benoining you hour or so. first going to keep updated yourornidn and rhodeom island oa stations closedet available. fside from that let's see i w rntrfig. ol awaorst i l of aitdel ♪ on 7:ht now. at fg cmers withhe t t typypee ofcarry american a hsneack. plaankrtcy i

from yo -- i'm sorry, your consumer staples from your consumer discretionary those companies that you keep buying from and those companies that you buy from when you have a little extra mey. >> so given that, what companies would you be looking a with maybe renewed interest if you feel that part of your portfolio may bene vble to those pricing pressures or inflationary >> sure.es? this is your grocery store type stock so you just go through the aisles and you look at your& johnsojohnson, your kraft heinz. the companies, again, that you are not going to shyway from when they raise their prices. coca-cola, i mean, a wren buffett favorite, you are always going to continue to buy your coke whether they raise it a dime or 20 cents and then you look on the other side and you want to try to avoid, start weaning your portfolio away from companies tt are going to not have as easy a time to pass that through. that's you starbucks, for example. somebody, if they're $3 a gallon at the gas pumps may not buy that for $1.50 latte. look to that. they might smp and not take e family to a disney or som

you had staples which aren't big enough to really do anything it just seemed like it was everything, technology doing it i would have thought financials would have contributed something today. do i think we're going higher and there are some baby steps to resistance, but that 2800 was such a big level i think that's the springboard >> i also did it without the small caps, too. >> staples going out and to me that doesn't make for a bullish type of breakout you know, i would not be surprised to see this thing fail on monday. it did not feel like euphoria and the entire market was participating today and by the end of the day we saw that and the things that concerned me are the bond market, and i think it's very important and we have the humphrey hawk i-hawkins andn front of the senate and ultimately, we have a dynamic here and the fed tells you they're concerned about whatever is going on on the trade front that is something that i think will continue to flatten the yield curve. i care so much less for banks than i do for the broader economy in the sense of what we've got, but i actual

. >> if you're looking for a hot trade check out cupboard staple stocks like kellogg, sissoko, mccormick's, pepsi, up 14% from the low. brian taking the pepsi challenge. >> pepsi keeps it simple, too. the taerngs coming up next week. i want to buy a call it's expire next friday. you're either going to pay off or not due to the earnings play here i'm buying 110 call expiring next week, only paying $1.20 for this above 111.20 i'll have the upside potential in the stock here below there i'm only risking the $1.20 for that option here in this sense i'm risking a little bit to make and participate in the upside here and play it that way. >> is this the way you will play pepsi? >> so often going into earnings we talk about offsetting elevated premiums. pepsi on average the week of earnings moves about 2.2%. what are options implying a mav of 2.2% which actually means that options are reasonably fail priced you're not overpaying to make that bet one of the things we had see today was make bullish activity going into earnings expiring next week. i know you saw this activity, we were actually talki

staples and health care. staples beaten up badly. technology another big one and one to focus on more broader picture was, if you look at when the nasdaq 100, the largest cap nasdaq stocks gained 10% in the first half of the year back to 1990, the and a half averages a 21% gain that's a positive trade. when the consumer discretionary sector, one that's gained ten plus percent, the second half of the year doubles that as well. it's a positive trade. 90% of the time. so as we talk about some of the seasonal factor, yes, not the gospel so to speak of markets. we're not going to go in these direction, but it provides direction for will we could see moves happen ng the second half of the year. back to you. >> "today", we have michael. and of course rick santelli at the cme in chicago welcome. michael, start here. growth stocks winning here over value stocks and just over a general kind of range bound feel >> i feel like the market took it as an excuse. you saw financials go through the 200 day. sector growth like tech continue to do well

pepsi is a little bit of a unique situation and a staple within not performing very well.e beating a low hurdle. scarlet: does this cause a re-rating of the sector? dan: i don't think so. the stabilizer struggling with overvaluing in the chase for dividend yield. many of them were trading at 22 plus. now they are reasonably valued around 16 times, some 17 times. but that is still pretty expensive for businesses that are struggling with growth and use dividend yields are no longer attractive because of rising rates. joe: we are three days into the trade war, and i think the stock markets ended up every day so did not knowwe this was coming, but it is hard to figure out what effect this had on the markets. even though we have said markets have sold off on trade war's. do you see it as a tradable theme or investable theme in one direction or another? dan: we're 50 analysts ata who track every market in the world -- 50 analysts at alger who track every market in the world. there are going to be very specific effects with the trade war tariffs rita by and large, no effects so f

a lot of people can't even afford basic staples things like butter cheese eggs beans and lentils but i can see things improving nothing's ever become cheaper in this country. the rio has plunged even further ahead of the reinstatement of u.s. sanctions it's now lost two thirds of its value this year. randolph's integrand he's a correspondent for the french news agency a.f.p. and he joins us now eric how big is the bite from this fool in the reality what will the consequences be well so far we haven't seen the worst effects of that as the continues to deteriorate imports are going to cost more and that's going to start to really stink the normal population but what it does reflect is that people have lost faith in the government to deal with the economic problems in the country they're rushing to the dollar to try and find somewhere where they can keep their money safe we've also seen gold prices shooting through the roof and it's a sign of that lack of trust in the government to keep things light especially as u.s. pressure continues to mount and sanctions are just around the corner

expecting quarterly results from pepsico, we have an expert on consumer staples consumer staples sarah'sh, 2018. "squawk box" begins right now. >>> live from new york where business never sleeps, this is "squawk box. >>> good morning, welcome to "squawk box" here on cnbc. we're live at the nasdaq market site in times square i'm melissa leah long with joe kernen and mike santoli. guest is carrie firestone. let's see how we're setting up in the futures this morning at this hour. we did see the dow and s&p see the biggest gains in more than a month yesterday. we're looking to build on the gains. the s&p looking to open higher dow opening 60 points overnight in asia, we had early gains and then they reversed we got ppi data out of china, six-month high there pressured by commodity prices. we do see the shanghai could h

just like the quilts a are cov pinewg in prayers and >> the churchneemro bw who is respon'tsibletr m staplesl stay we.thot tisir spray kids because it's zoe seize to reapply if we're not putting it on right in the firstt tnsla p t that our sunscreen really is not protecting as much as we think it is. the key we're not putting youhnl gy%npf isctiote pti scientists m foundni significane how litnatl de s putting and general experse an s or pfgher.0 dermatologists aee we usually don't use e question is how much enough? >> to use its prlrope y impac ao pouch prect s eug youhr hm, it's ahi p dac i>>.y wonhtyo75 now inthet nindndlos .uatot mtso aoon e i'l tlak c oo an big delays t onclea tre yre dadfu make youra. ♪ ♪ alcohol based mouthwash burns. and that could leave you with... it kills 99% of germs without the burn of alcohol!er without try total mouthwash today! ♪ lhappiness is powerfuflea and tick protection from nexgard. a delicious chew that protmontc for an ask your vet for more information. reported side effects include vomiti and itching. nexgard. the vet's #1 cice. te on>> w l e lksea ha

ladysmith out of film of all but if you get one with only but i keep the faith coca leaf has been a staple in bolivian society for centuries it is also the rowing gradient of cocaine. for twenty years the governments of believe yet backed by the da the u.s. drug enforcement administration sought to eradicate the plant. and in past. it would have been in place. in two thousand and eight the new radical government took an unprecedented step and throughout the day. today they claim to control production while respecting the traditions passed down by their ancestors. but drug traffickers have also adapted it. and they will soon perfect or will be very unfair for you we're going to be seeing is that we're not. going to. bolivia remains a help for international drug traffickers whose tentacles reach the highest levels of government. monday morning of the coulee from our couldn't believe us capital left us. isn't about. every week more than five thousand cocoa farmers come here to so believe for distribution around the country. and this to maybe a third of the population consumed the mightily bit

the s&p 500 is being led higher by materials and consumer staples.tor that's interesting is tech stocks are now one of the biggest gainers on the s&p 500 despite the fact that netflix continues to fall given disappointing turns. the nasdaq is up .6%. investors taking fed chair powell's comments to suggest the fed is willing to slow down the pace of interest rate increases. they said the fed will gradually begin to raise rates. the 210 sprint continues to narrow. the dollar remains higher. we are seeing risk appetites still waning. the dollar-yen has now risen to six month high as mr. powell was speaking continues to be higher when it comes to the dollar. here's mark crumpton. >> even some diehard trump supporters are unhappy with the president's performance at the helsinki summit. former house speaker newt gingrich called it the most serious mistake of mr. trump's presidency and said it must be corrected immediately. president trump suggested he believes that russian president vladimir putin's denial of his own government's allegation that russia med

have had a wonderful rotation into the defensive names we have seen utilities, health care, consumer staplesst market leader. if everything else is held back, banks, industrials and materials, and semi conductors, if the trade war eases, you get rotation back in that's why this is a powerful market there's nothing that comes in and dramatically keeps selling off. something else comes in, they start to buy it. >> we have seen a bounce in equities and trade warfares are sluffed off. not necessarily in the bond market 10 year, 2.85. which market is right? >> i don't know if there's a serious argument between the two markets right now. the treasury market is going to trade off fed expectations, off the inflation outlook, wage inflation didn't give you a reason to get scared friday. right now, we're range bound with treasury and with stocks. you go back three weeks, we are flat for the s&p 500 although i think it is interesting, you hear this talk of fed governors coming out, saying we should not tempt a flat or inverted curve >> i have the image of that dovish box >> but i wonder the president's

you can look at pepsi as well as procter & gamble on the consumer st staple side.recommending moving up the quality spectrum >> thank you very much, chad morganlander getting a little safe there on the yield curve and some of these consumer stocks. >>> let's get more on the top trending stories landon dowdy is back with those. >> you may talk about the yield curve on vacation, but tourists in florida are talking about something different. there's an invasion on florida's beaches, it's an overabundance of seaweed it could be the worst bloom in history. in small amounts seaweed is beneficial to beaches, but too much can smother sea turtle nests and smother fish the seaweed invasion could get worse. it's bad in north carolina it smells bad. causing a lot of sea lice >> is that a thing >> yes, it's -- >> seaweed is good, because it prevents beach erosion >> it is, but too much is a bad thing. >>> a new jersey police department posting a mugshot on their facebook page, it's gone viral. look at this because it's more like a pugshot. the pug is named beans and was picked

it was a staple of the community for nearly 60 years.e's a look at the aftermath as the sun rose this morning. you can see the roof partially collapsed. by the bucket closed in september of last year and was vacant when the fire ignited. >>> the clock is ticking for officials in thailand where today they are exploring different rescue strategies to save the 12 skbois their soccer coach trapped in a cave. there was a major setback when a former navy s.e.a.l. died earlier this week while working to rescue them. now had he in a different way is on the way from the bay area. a local interpreter flew from sfo last night. she is heading to thailand where she will arrive tuesday. she will help to bridge the language gap among officials divers and journalist. >> he not only speaks thai but also speaks four other languages. >> i was very excited about the news when the boys were found. it was a celebration at the begin. and now i'm very, very worry. >> the boys and their coach are communicating for the first time through letters they are sending

it's a really big part, a big staple of our menu.know? nowhere else in the country can do that. >> anthony: heart of caribou tartar with adler and chanterelle. >> anthony: i'm enjoying this meal. very, very, very much. this is really, really good. >> dave: jeremy charles, in my opinion, honestly, i would say easily top chef in canada, most likely. >> anthony: as a model of bravery, determination, courage, pride, and not a false hope. >> dave: we haven't had anything that's not from this island. >> jeremy c: what we've got here is a cod sound. it's the swim bladder of a cod fish. it just goes right up the middle of the fish. we've been toying around with this for a long time. this is almost like boot leather, you know? it's really, really tough. so we'll salt it overnight, then we'll soak it, and then we'll dehydrate it, and this is the after product you are left with. it's almost like a cicerone type of texture, you know? my grandmother, she'd probably just render up pork fat, scrunchions, and they'd just fry these off, you know. so

there's quite a bit of work, 'cause this was all -- this was all stapled. can protect your home and auto when you bundle with us. but[music playing] your home and auto (ceo) the employee of the year, anna. (vo) progress is in the pursuit. audi will cover your first month's lease payment on select models during summer of audi sales event. >>> it was the worst night of his life. and now stephen scharf, in the early morning hours of september 21st, 1992, had to tell his 10-year-old son jonathan his mother was dead. >> i said, come on, jonathan, we need to take a walk. and i told him. he immediately burst into tears. and i cried. i cried like a baby. i wasn't ashamed. >> he remembers his distraught son's reaction but little else from those dark hours. >> were you sleeping? were you eating? >> drinking. >> you were drinking. >> i had lost my wife. my son lost his mom. >> there was plenty of sympathy among family and friends, to be sure. for the man newly widowed with a small child to raise on his own. his wife had died in a freak accident, off a cliff, of all pl

there's quite a bit of work, 'cause this was all -- this was all stapled.we can protect your home and auto when you bundle with us. >> judge jeanine: welcome back to head to d. less than a week president trump will announce his pick for the supreme court. today the president met with more possible candidates after a call with utah senator mike lee yesterday. joining us now with more on this, fox news chief ed henry. add to. >> judge great to see you. trump has now interviewed a total of seven candidates for his second pick to the high court. this will pick will be unveilet week. in a prime time. he interviewed three of those seven candidates, including a judge joe larson. as well as utah senator mike lee, as you know, that was conducted by phone. before that interview a few days back, he was talking with shannon, he was honored to be considered. he headed today, "i thought it went well. very hard to predict." speaking at an event in west virginia, honoring military veterans ahead of the fourth of july holiday. the president promised a strong nominee to add

. >>> you may have to spend moree moon the fourth of july staples, like catketchup r your hot dog. the tariffs hit u.s. consumer goods and other kraft/heinz products that facefs tar other products face 25% tariffs. >>> now, to an update on an 81-year-old georgetown university graduate. carlos manuel cera died over the weekend. his father lost his job. d cerapped out of georgetown, just four credith h of his degrees. in may, his familyim presented h with his diploma in houston. he diedy. peacefully saturda >> i remember when we ran this story. he was so happy. he was so ppy to get that degree and finish what hest ted. >>> we have an emotional reunion to show you between a mother and daughter separated at the u.s. border. the 12-year-old and r mother crossed the arizona border in may to seek asylum from guatemala. they are now together. the family plans to live in los angeles and go through the asylum process. the u.s. govement is working to reunite 1,500 children separated under the zero tolerance policy. >>> if you saw this prison break in a movie, you would roll your eyes. but a f

energy and consumer staples leading the way. on the downside, you can see financials one of the worst groups today after jpmorgan, citigroup and wells fargo reported results is that a bad sign as earnings season really gets going next week we're all over the mke, artsnext on "power lunch. are you ready to take your wifi to the next level? then you need xfinity xfi. a more powerful way to stay connected. it gives you super fast speeds for all your devices, provides the most wifi coverage for your home, and lets you control your network with the xfi app. it's the ultimate wifi experience. xfinity xfi, simple, easy, awesome. >>> welcome back to "power lunch. let's get to meg terrell for market flash. >> another example of the amazon effect amazon web services is reportedly considering selling its own network switches for business customers this would affect companies like cisco juniper networks and f-5 networks cisco is down 2.2% juniper down almost 2% as well the information reporting that amazon web services plans to undercut cis

it's a staple of our district and should be a staple of a center for our tourists to enjoy. i recently moved to the east bay, and i still travel to hometown creamery because it's pretty much the only place he go to get -- i go to get sorbet. i believe that many tourists who visit the downtown area deserve a great experience in excellent ice cream. the statements made by the appellants is selfish and a lack of empathy for hard working sf residents who have earned a place in our downtown center. they say it's not the right location. i don't -- where would be a right location? it's -- it's a volkswagen. it's not as big as a food truck. honestly, it's a dessert truck more than a food truck. they mention these big corporations, restaurants and caves that have no sf -- cafes that have no s.f. heart, and they shouldn't be allowed because they're not in the right location. they're not asking to be there all the time. it's only friday through sunday, so i think you should take away the -- the thing that you guys gave them, so yeah, there you go, okay. thank you. >> thank you. >> good

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. >> bob's doughnut is a staple in the knob hill neighborhood in san francisco and in addition to allhe doughnuts, one of the most popular things there is the bob's doughnut challenge. you eat one doughnut in three minutes and it's just as simple as that. my friend damian jones is a center for the golden state warriors and he is a doughnut fanatic. when he goes from city to city, he visits doughnut shops. he stopped by bob's doughnut. he's been eyeing this challenge for quite some time now. >> that doughnut just seems relevant to him. >> you have a point. he's seven feet tall. >> that doughnut didn't stand a chance. >> my heart rate's going up. i'm so excited. >> do they have a gluten-free version? i would do it any way. >> what do you get? the doughnut for free. >> if you finish the challenge, you get your money back, a t-shirt and listed in bob's hall of fame. >> they're coaching him in the background. >> get it under two minutes. >> 45 seconds. >> his official time was 1:59:29 so in addition to be a two time nba champion he will be enlisted into the bob's doughnut hall of fame. >>

salmon, cod, halibut, herring has always been a staple of the alaskan economy.g crab is a dramatic evident of creative development in the state. today, this delicious deep water delicacy is enjoyed around the world. but only a few years ago, the king crab was unknown and unavailable outside the fishing community. but research, faith and good business management have made it world famous. and as so often happens in alaska something exists where had been. the king crab industry has transformed seasonal work into full-time employment. farming in alaska, visitors are often surprised at the matanuska and the fairbanks valley have produced a good yield. despite a short growing season, rich soil and long days of summer sunshine result in double sized vegetables and therefore successful harvest. where a road building is not feasible, the alaska marine highway ferry serves as a row serving all of alaska's southeastern cities. cars can be moved at fraction of the cost of moving and maintaining conventional highways. it is surely one of the most beautiful anywhere. at skag

residents of courage and some on will know what i mean when life was tough i'm signed potatoes were the staple foods as a crutch native i believe is the only place where you can enjoy properly salted ham something but if anything. a little. wind up by. getting a job of the. stuff it up and up in a black. neighborhood with didn't even have time to enjoy our tea. like my little did i think. you. are trolling that scalds on something that's once meters we're having to drift around to recover what's left of our fishing gear. one of. those selections among fishermen about a monster that lives in the black sea it must be true with caught it. off louis. it was. well. well that was it. so they were both. the arch spans sole thirty five meters above sea level. the builders have to use a lift which of course is operated by the attendant today but you have a student. starts. looked up it up with all the. northbridge of the. word good. to start if. you do the thing you're looking you know the force of. loving to blow your good. works are for. looking up for you to judge judge. takes me back to the joy of

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it's a staple of our mission to promote peace, stability and prosperity. president trump first outlined this in vietnam just last year. the national security strategy also detailed that vision. make no mistake, the indo-pacific, which stretches from the united states west coast to the west coast of india is a subject of great importance to american foreign policy. as i will detail in a bit, this region is one of the greatest engines of the future global economy and it already is today. the american people and the whole world have a stake in the indo-pacific's peace and prosperity. it's why the indo-pacific must be free and open. and for those of you who might not be familiar with our terminology of free and open, i want to just spend a minute talking about what it is this administration means when it uses that language. when we see free indo-pacific, it means we want all nations to be able to protect their sovereignty from coercion from other countries. at the national level, free means good governance and ensure that citizens can enjoy their freedoms and

utilitiese, staples, outperforming.ve dipped slightly for the s&p futures and the dow as we had closer to the. for the dow jones, .4%. yen thear and the beneficiaries if we see greater tension and for the response from the united states. is the level. we have the minutes from the federal reserve yesterday and payroll. we are watching the ritz market market, just over 28 basis points, narrowing. david: in one direction. let's go to emma chandra for first word news. emma: china is accusing the u.s. of losing the largest trade were in economic history. it is striking back. president trump again and posing sanctions on $34 billion worth of chinese products just after midnight. china responded by imposing levies on american products. the u.s. president said the move could lead the u.s. to hit china with even more terrorists. -- more tariffs. vladimir putin wants to give donald something to boast about when the two meet. they are negotiating to strike some deals. at the top of the list is iran's role in syria. and british pri

staples on the upside industrials have been flat financials are down.wn 2% not a surprise there so far there's been a lot of collateral damage from the stronger dollar and the trade wars we were talking about outflower flows from emerging markets. that's continuing this week. if you look at the eef this is the basket of all emerging market countries. that's the white line. the last three months we're down 10 to 12% in the last month. the top line is the s&p 500. so you can see money come ought of the emerging markets. and partly trade partly stronger dollar influencing that there's one thing i mentioned yesterday, i was talking about the metals complex you can buy metals through the dbbb the metals etf a basket of copper, aluminium, and those kinds of things. you've seen those down in the last month it's sitting not far from the 52-week low. copper, in particular, has been affe affected else where quiet overseas relatively there was a big one in how long kong it was em blamatic of the issues in china the fourth largest smartphone maker in the world will

consumer staples if we pick apart what's doing well and what's not consumer staples had the best performing sector in the s&p and pepsi is leading the charge popping to the very top of the broader index. pepsico is up four full percentage points. yes it's a beverage maker but boy its snack division did absolutely brilliantly in for the earnings picture to send the stock to the best day in seven years. earnings topped expectations for revenue and earnings boosted by strong performance, of yes, frito lay. that business doing very well, so crunch away and it's the sweet one for keurig dr. pepper shareholders having a terrific session at the moment up 10% for kdp, shares of the combined company, really jumping higher on their first day of trading it's the best performer in the s&p 500 right next to pepsi of course so it's a tie there. back in january, green mountain remember them? yeah, they struck the $21 billion deal to combine with dr. pepper to form the seventh largest food and beverage company in the u.s.. let's take you back live to brussels right now belgium i'm hearing that as we wait o

farming, ocean farming, asked us to join him as he headed out to his version of fields to plant his staple crop, a type of seaweed called sugar and fail on your own terms, and have the pride of feeding our country. >> we cannot explain what you are about to hear. ♪ ♪ science doesn't know enough about the brain to make sense of alma. alma deutscher is an accomplished british composer in the classical style. she's a virtuoso on the piano and the violin. ♪ ♪ and she is 12 years old. people compare you to mozart. what do you think of that? >> of course, i love mozart, and i would have loved him to be my teacher. but i think i would prefer to be the first alma than to be a second mozart. >> i'm steve kroft. >> i'm lesley stahl. >> i'm scott pelley. >> i'm anderson cooper. >> i'm bill whitaker. those stories, tonight, on "60 minutes." this is your wake-up call. if you have moderate to severe rheumatoid arthritis, month after month, the clock is ticking on irreversible joint damage. ongoing pain and stiffness are signs of joint erosion. humira can help stop the clock. prescribed for 15 years, hum

there's quite a bit of work, 'cause this was all -- this was all stapled.our home and auto >>> hello. i'm dara brown . here is what is happening. those 12 trapped soccer players in thailand and their coach have sent letters delivered by divers to say they're doing well. the coach promises to care for the children as best as possible and apologizes to their parents. >>> a federal judge will decide monday on a trump administration request for more time to reunite more than 100 migrant children under five years old. they were separated from their parents after crossing the border. >>> that's what is happening. now back to "dateline." ♪ >>> attorney steve rosenfield was in for a big surprise when he arrived at rocky fugett's prison. >> it was shocking. >> it certainly was. rocky wanted to sign a sworn affidavit saying robert davis was innocent, had nothing to do with the murders. >> that was pretty powerful for him to do that considering his circumstances, nothing to gain. >> but rocky's admission wasn't enough to undo robert's confession. and then seven years

there's quite a bit of work, 'cause this was all -- this was all stapled.t we can protect your home and auto when you bundle with us. you might or joints.hing yofor your heart... but do you take something for your brain. with an ingredient originally found in jellyfish, prevagen is the number one selling brain-health supplement in drug stores nationwide. prevagen. the name to remember. i neverunderwear that's this, but actually pretty.leak always discreet boutique. hidden inside is a super absorbent core that quickly turns liquid to gel. so i feel protected... ...and pretty. always discreet boutique. maria: welcome back to our special one-hour edition of wall street. now my interview with treasury secretary steven mnuchin. you cut the corporate tax rate to 21% and critics say it's not helping others. why the focus on lowering the corporate rate and what impact has it had? >> i traveled with the president during the campaign. we literally met with tens of thousands of people. we met with small business and big business. we heard two critical things. please c